Heidrick & Struggles International, Inc. Forecasted to Post Q1 2019 Earnings of $0.54 Per Share (HSII)

Heidrick & Struggles International, Inc. (NASDAQ:HSII) – William Blair raised their Q1 2019 EPS estimates for Heidrick & Struggles International in a report issued on Monday, October 29th. William Blair analyst T. Mchugh now expects that the business services provider will post earnings per share of $0.54 for the quarter, up from their prior estimate of $0.52. William Blair also issued estimates for Heidrick & Struggles International’s Q2 2019 earnings at $0.63 EPS, FY2019 earnings at $2.40 EPS, Q1 2020 earnings at $0.55 EPS, Q2 2020 earnings at $0.65 EPS, Q3 2020 earnings at $0.71 EPS and FY2020 earnings at $2.47 EPS.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, October 29th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.37. The company had revenue of $192.34 million during the quarter, compared to analysts’ expectations of $175.81 million. Heidrick & Struggles International had a negative net margin of 0.15% and a positive return on equity of 17.49%.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Heidrick & Struggles International from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research note on Thursday. BidaskClub upgraded shares of Heidrick & Struggles International from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Barrington Research restated a “buy” rating on shares of Heidrick & Struggles International in a research note on Monday, July 23rd. ValuEngine cut shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, TheStreet cut shares of Heidrick & Struggles International from a “b-” rating to a “c+” rating in a research note on Friday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.50.

NASDAQ HSII opened at $34.93 on Wednesday. The stock has a market cap of $689.53 million, a PE ratio of 17.16, a P/E/G ratio of 1.34 and a beta of 1.64. Heidrick & Struggles International has a 52-week low of $20.95 and a 52-week high of $45.28.

A number of large investors have recently added to or reduced their stakes in HSII. BlackRock Inc. increased its position in Heidrick & Struggles International by 1.7% during the first quarter. BlackRock Inc. now owns 2,456,773 shares of the business services provider’s stock worth $76,774,000 after acquiring an additional 42,250 shares during the period. Principal Financial Group Inc. increased its position in Heidrick & Struggles International by 2.4% during the first quarter. Principal Financial Group Inc. now owns 143,985 shares of the business services provider’s stock worth $4,500,000 after acquiring an additional 3,417 shares during the period. Millennium Management LLC increased its position in Heidrick & Struggles International by 37.0% during the first quarter. Millennium Management LLC now owns 301,949 shares of the business services provider’s stock worth $9,436,000 after acquiring an additional 81,528 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Heidrick & Struggles International during the first quarter worth about $330,000. Finally, Acadian Asset Management LLC increased its position in Heidrick & Struggles International by 165.9% during the second quarter. Acadian Asset Management LLC now owns 381,433 shares of the business services provider’s stock worth $13,347,000 after acquiring an additional 237,992 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, November 8th. Heidrick & Struggles International’s dividend payout ratio is 47.71%.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. The company was founded by Gardner Heidrick and John Struggles in 1953 and is headquartered in Chicago, IL.

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Earnings History and Estimates for Heidrick & Struggles International (NASDAQ:HSII)

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